Dear Customer, BTCChina will continue upgrading its inspection and verification system for bitcoin and litecoin withdrawals to aggressively guard against money laundering, illegal money exchange, pyramid schemes, and other illegal activity. As a result, bitcoin and litecoin withdrawals will be suspended from February 15th until March 15th. Bitcoin and litecoin withdrawals will be resumed as soon as industry standards are settled and the inspection and verification system has been upgraded. Please note: 1. Bitcoin and litecoin withdrawals will resume as soon the inspection and verification system has been upgraded. We will let customers know as soon as this happens. 2. CNY deposits and withdrawals will not be affected; if customers want to withdraw funds within a shorter period, they can first trade their bitcoins and litecoins for CNY on the exchange and then withdraw the CNY. We apologize for any inconvenience caused. Thank you for your cooperation and understanding, The BTCChina Team February 15th, 2017.
They fucking did it AGAIN WTF! I'm betting come March 15, they're going to extend it AGAIN.
Just the matter of time, all of the bitcoin still safe on the exchange site. But PBOC looks like give a permission for bitcoin to keep on the track. It won't impact the price of bitcoin. I think it will get the extend.
Bitcoins are safe on the exchange, but such moves negatively impact the sentiment about Bitcoin. If I am a Chinese crypto investor, this effectively tells me that if I want my money back
, I should sell my bitcoins and withdraw CNY. I might listen to that.